What is the value of the urban sunbreiro in 2004

Assignment Help Macroeconomics

Reference no: EM133469273

Question:

In 1994, the Urban Sunbreiro (a Mexican-style hat) was a new product for the Jay Peterman clothing line (though it did not do too well). At the time, it cost $100. The CPI in 1994 was 118.5. The CPI in 2003 is 122.7. What is the value of the Urban Sunbreiro in 2004?

Reference no: EM133469273

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